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20121112
20121112
Search Results 0 to 10 of about 11 (some duplicates have been removed)
and the president fix the fiscal mess they put us in before it's too late? and the other side is about to about in congress that nobody is talking about. welcome to "the willis report." ♪ ♪ gerri: welcome everybody, i am gerri willis. the u.s. dangling over the fiscal cliff. washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he ems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out
that allows us to make these investments while reducing our deficit by $4 trillion over the next decade i want to be clear. i am notwed to every detail of my plan. i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced in. him. lou: well, will the republican-led party provide any countervailing influence of force against that tax increases proposed by the president? former special assistant to president george w. bush, a pulitzer prize-winning columnist , fox is contributor michael goodwin, a veteran campaign strategist, former reagan political director. election night said to the audience, i believe that this president was smart enough, but he understands he has been given a second opportunity to be the leader that he seemed kind inclined to be in 2009 as he took the oath of office. what did you think of his demeanor and his response today? >> i think he threw the gallon down to the house republicans who basically are going to put their backs up. if you really want to negotiate you need to sit
, a veteran himself joins us with a look at the extraordinary program. david: yesterday was veterans day. now what drove the market with the "data download." a mixed day on wall street as stocks struggled for some sort of direction. up and down following the worst week for the market in months. the nasdaq closing i in the red, nostrils and telecom were the top performers while utilities and technology stocks lagged a little bit. copper rebounded from a two-month low after greece lawmakers gave the euro a boost against the dollar. closing 7638 per ton, posting a gain after five straight weeks of losses. the euro holding two-month lows versus the dollar uncertainty, weighing on the currency. hit an intraday low of $1.27 down nearly 2% against the greenback so far this month. sandra: jerry leavy to tell us what another 4% dip could be on the way and the biggest money makers, why outside the united states. very, what is the deal here? this huge selloff last week and yet before the election everybody said that the elections behind us, skip third-quarter earnings season, we will have certainty in t
. >> there used to be dead coununter culture left like the marijuana freedom doing your own thing even if they'd understand starting a business is also doing your own thing. it is disappointing they don't even big of a connection between the democratic election and the impact on freedom. >> thank you for going to chicago kennedy you go so i don't have to. people were happy he won again. >> they were thrilled. with the freedom question people used is objectively. i didn't think it would stop people but 57% were dumbfounded. >> last night u.s. supporters what will the election mean for america? >> immigration. >> he would help students like me t go to school to receive a quality education. >> now because of the programs we can move forward. we have to save the country first. [laughter] >> you are laughing? >> they feel he saves the country but i think we will go broke sooner that you can respond. >> we will because we have $5 trillion of debt to under his administration. we had 10 trillion over the last few but it is a higher rate than before. if you believe all those bailouts and stimulus mone
us now is mark mehlman from the group and coming at you, americans, have we become a nation of takers? >> actually, not. this is still a very great country where we produce a lot of things, the reality is we do have more people on medicaid than we have in the past, who are those people? well, the truth is two third of them are seniors in nursing homes and by and large people passed by any construction their making years. and a third of that money goes to children, who are, who are poor, don't have other kinds of health insurance, so, those are folks not yet in their making years. so, i don't think that really says much of anything, except it does say we have a crisis about long-term care in in country, that we've got to solve and deal with. and food stamps. charles: mark, i've got to jump in here a minute. listen, either you're whistling by the the graveyard or you're not being honest here, these are a gigantic enormous numbers and this is not the america that almost anybody watching the show grew up with. certainly you have to be alarmed by the trend? >> you do have to be alarmed by
senator evan bayh joining us on the same topic. senator, you spent enough time in d.c. to know how these things work. you said recently the appearance of trying to negotiate across the aisle is now perceived as betrayal of your own party rather than trying to work together. so how do you think this is going to play out? >> melissa, i'm as pessimistic as anybody about dysfunction and gridlock in washington but i do think there is some reason to be cautiously optimistic here. i agree with a fair amount of what senator vitter just said. i think the president having been reelected will be more willing to take on entitlement reform. doesn't have to worry about offending his base so much. the fact he is elected the republicans don't have to focus on trying to defeat him quite so much and i think he will be interested in his legacy. he has to get this done otherwise it haags over everything the next four years. you look over that, i think there is window of opportunity next six months to hammer out some difficult, don't get me wrong, a lot of brinkmanship, right to the 11th hour but actua
taxes a little bit on millionaires. connell: let's go to the forbes opinion editor with us now from d.c. it will not kill the country. >> let's just hope the leadership does not follow his advice. soon enough, they will be the minority party if they do this. republicans be the rich and poor eventually think they will get rich and they do not like the idea of penalties in terms of taxes waiting for them. we are the beneficiaries in this country of the vital viewed. the last thing you want to do in this economy is raise the price of their productivity. connell: i find that very interesting of a response. you are saying they would be in the minority party if they go along with his advice which is essentially to let the taxes go up on $1 million or more instead of to 50,000. does the party take the blame for that and isn't that a bigger risk, politically? >> i do not think so. let's look at what happened on tuesday. they get the republicans in the house of representatives. that was their way of trying to say we want you to remain in control here. if the republicans pull back and raise tax
commentator coming up. stephen moore joins us on his conversation with tough talking senate majority leader mitch connell. lori: this is kuwait. proving that is chump change. change that you find in the couch. it makes the golden globe. melissa: time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: we have gone over that unchanged lines throughout the day. the dow is moving higher as are both the nasdaq composite and s&p 500. do not forget last week we saw heavy selling 300-point down days. it was the worst week in a month. it showed some conviction to the selling after the election was complete. right at the top of the show, you talked about the fiscal cliff. there certainly is that feeling. we have seen selling of dividends, utilities and telecom throughout last week. you do see some arrows across the board without arrows. jefferies stepping in. by the rest of the investment bank. sharon williams making an acquisition for 2.3 billion. when you think about pain and stuff. then there is titanium metal. $2.9 billion deal. this really is evidence of merger m
do. would you can is use the law as, perhaps, an outlet for reforming entitlements. that is one thing that obamacare, that may be the legacy. this huge competition for resources. the big health care entitlements. republicans will have some say as to how that plays out. gerri: what you're saying is, it sounds like what you're saying is some of the money could be diverted some morales. >> the irony of a lot of this health care politics is that democrats criticize paul ryan for the premium support plan for medicare reform. the obamacare exchanges which apply to people who are a low-middle income also is a premium support plan. so democrats have an argument against applying the obamacare racing just medicare? and mean, they like obamacare. what would be so terrible about migrating seniors into the obamacare exchange as a way to reform medicare using a democratic approach. gerri: you're turning the law and set a little bit there. interesting florida, for example , medicare and medicaid. very important. 27 percent of doctors are not accepting medicare patients right now. is that going to ge
, ben willis, happy veterans day to you. i think the word uncertainty has been used 50 times so far today. >> then i won't use the word uncertainty. i have to tell you not pleased that we're here on veteran's day, i think it is a little bit embarrassment we are open. but here we are. very low volume. very hard to read anything into the trading today. you mentioned some top stories coming in, the housing stocks, a favorite sector of the hedge funds in particular. but you have to keep in mind they are at the back end of their christmas season, if you will. a little bit dangerous place for investors to be. big picture i think we're kind of testing a low range of the bottom i have been calling for for quite a while. it was a little painful. i think we're near that point. if you are an individual investor, this is the time you need to have your shopping list and start adding to your cart. cheryl: with the homebuilders in particular, they were run up some of them 150% over the last year. when they make those dips, you do like sectors like that? >> yeah, but the housing sector was one of t
Search Results 0 to 10 of about 11 (some duplicates have been removed)

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